Hello, fans and friends, welcome to the president's channel
Yesterday, the price of Bread was in a range of fluctuations. Overall, there was no obvious signal of rising or falling. However, the president can tell you with certainty that the trend of Bread will first fall and then start to rise again. At present, it is certain that the bull market is coming, but the process of the bull market is not a process of rising all the way. There will be rising and falling in the middle. The opportunity that everyone can see is not an opportunity. Brothers must dare to go all in at the critical moment. It cannot be said that it is the best time to buy the bottom, but it is definitely a time with relatively high cost performance.
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
News: The Hong Kong Stock Exchange will start trading Harvest's Bitcoin and Ethereum spot ETFs on April 30. The Hong Kong Securities and Futures Commission's official website previously listed the Bitcoin and Ethereum spot ETFs of three fund companies, China Asset Management, Bosera and Harvest. The president will not go into too much detail about the more complicated specific codes here, but there is one thing that the president can analyze with the brothers. The overall economy of Hong Kong has been in a recession and the Hong Kong government is currently actively trying to find a breakthrough point. In the president's opinion, the Hong Kong government is betting on the web3 industry, and in recent years, the Hong Kong government has indeed been in a state of frequent action in the web3 industry. The halo of the former Asian financial center no longer exists, so if the economy wants a new growth point, it can only be placed in emerging industries. In the president's opinion, Hong Kong is also a window for us to connect to the web3 world.
There is another piece of news that is more worthy of brothers' attention.
Exchanges are now holding more USDT. Earlier this month, the 7-day moving average change in USDT balances held by exchange wallets increased to $568 million, the highest in a year. The moving average has remained positive since the beginning of February, indicating that exchanges' USDT holdings continue to grow. Why has it been growing steadily? Because people are currently waiting to buy the bottom after the plunge, so can the dog dealers see this data? Then it is inevitable that they can see it, so whether the big cake will crash the market is full of unknowns.
At present, in the chairman’s opinion, it is very likely that Bitcoin will not crash the market again, or the magnitude of the crash will not be too large.
Contract: The chairman's suggestion is to buy at a low position in the long term and blindly place orders in the short term. The precise position will be given in the community later. If the sol price comes to around 130, brothers can boldly enter the rudder!
For copycats: Brothers can consider ambushing Ethereum Layer 2 and meme coins. Musk has been very active recently. But you must set a stop loss and don't be too greedy. Don't think about eating a fat man in one bite. $BTC $ETH $COS
